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Okay, class. Can anyone tell me what sorority bashes have to do with the economic concept of “matching markets”? Anyone?
OK, let’s try again – can anyone tell me why the AP Macroeconomics textbook had to update the course on the Federal Reserve? Can no one tell me?
Sounds like it’s time for a crash course. On today’s show, we’re revisiting campus life with two stories from the halls of learning from our daily podcast, The Indicator. First, we hear from a Nobel Prize-winning economist about how sororities screen future sisters, using the same economic concepts as organ donation and New York high schools. Then, we look at how two economists rewrote the AP Macroeconomics course to reflect how the financial world actually works.
This is one class you don’t want to sleep through. Hey! Is that gum? Did you bring enough gum for everyone in the audience?
music: “Ivy League Tradition“”808 Determined,” and”rising“”.
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